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Doc & Dana Lyons - Technical Setups: Gold, Silver, GDX, Copper, Oil, Uranium, Bond, Value Stocks

The KE Report Aug 15, 2026

Summary

Richard Postma reads the precious-metals rebound as a temporary bounce within a corrective phase, with $4000 gold and unfilled chart gaps as the next test.

Postma ties the medium-term gold outlook to a bearish bond-market setup, citing the convergence of the 50-month and 200-month moving averages.

Dana Lyons flipped long GLD from a short but stays neutral on silver and miners until price reclaims the 200-day and 50-week resistance.

Lyons remains bullish copper and copper miners, framing COPX's pattern as a continuation pennant with only about 38% of the prior rally retraced.

Lyons' portfolio is overweight healthcare and financials and is actively trimming growth, momentum, and semiconductor exposure as leadership rotates.

Key points on Equinox Gold

  • Doc argues Equinox has tremendous cash flow, is paying down debt, and may begin buybacks — making it one of his top producer picks to accumulate on this dip.
  • He expects that if Equinox continues to reduce debt over the next two to three years, the company will be 'spitting out cash flow' once gold prices move higher.
  • The hosts frame Equinox as a mid-tier producer trying to step up to major status, and note the sector overall is in the best financial shape it has seen in decades.

Key points on Americas Gold & Silver Corp

  • Doc singles out Americas Gold & Silver for its antimony exposure, citing the antimony play itself as a primary reason for liking the stock.
  • He cites his own position as evidence of conviction, saying he bought shares down around $0.50 while the stock now trades near $5 — gains he does not want to risk by selling.
  • The hosts categorize the company as a mid-tier silver producer that should benefit early from higher metals prices before rotating capital into more speculative juniors.

Key points on Integra Resources

  • Doc lists Integra among the producer names he likes and is buying, grouped with his Santa Cruz and Equinox positions.
  • The hosts classify Integra as a mid-tier producer positioned to outperform early in the next precious-metals bull run.

Key points on Santacruz Silver Mining Ltd

  • Doc says he 'loves Santa Cruz Silver' and has been a buyer on this latest pullback, having missed the previous 10x+ run and determined not to repeat that mistake.
  • He is enthusiastic about both the chart and the underlying business and says he would actually welcome another drop so he can keep adding to his position.
  • The host frames Santa Cruz as the archetypal mid-tier silver producer story — undervalued before the 2025 rally, then halved in the six-month correction, leaving it on a 'half-off sale.'
  • Both hosts describe Santa Cruz as a core long-term hold to carry through an expected 2027 sideways period into the next major bull run they see starting in 2028-2029.

Rory Johnston's takeaways

  • Top takeaway Appears only in a pre-recorded promo for his Oil Ground Up podcast, where he talks about the geological, geopolitical, and technological forces moving oil markets.
  • He is introduced as the founder of Commodity Context and an oil market analyst of more than a decade — no market views or analysis are actually delivered in this transcript.

Dana Lyons's takeaways

  • Top takeaway Dana is long gold via GLD in a medium-sized position after covering shorts and hedges, but says he is not yet ready to flip aggressively long on gold, silver, or the miners.
  • He flags GLD resistance near the 200-day around $412 and SLV near $64 as tough technical hurdles that would need to be cleared before he would get more bullish.
  • On copper, he is constructive — CPER looks like an ascending triangle while COPX is forming a pennant continuation pattern he expects to resolve to the upside.
  • He is also constructive on energy equities (XLE, FXN), describing a long-term cup-and-handle breakout now digesting, and points to MLPX as a high-yielding holding that has held gains well.
  • Dana is rotating out of growth/momentum/semiconductors and emerging markets, instead concentrating in value sectors like healthcare (XLV) and financials (XLF) that keep printing new highs.

Richard Postma's takeaways

  • Top takeaway Doc sees the current gold rebound as a short-term bounce within a larger correction — possibly pushing toward $4,600-$4,800 over the next week or two — before price retests the $4,000 area and possibly $3,600-$3,800.
  • He is closely watching the bond market (TLT, 20-year Treasury ETF): a confirmed break of the 50-month / 200-month moving-average support could unleash a second bearish bond leg that keeps gold rangebound.
  • Doc does not expect new highs in gold until late 2028 at the earliest, with his bigger upside window stretching into 2029-2031, and he sees silver tracking gold with new highs likely arriving around 2029.
  • His preferred way to play the next precious-metals bull run is through established producers — Santa Cruz, Equinox, Integra, Americas Gold & Silver — over speculative juniors, because producers usually lead and carry less drill-bit risk.
  • Doc plans to hold and add through any 2027 sideways-to-down action rather than sell, citing the long-term capital-gains status of his positions and his conviction that the coming bull run will be the biggest in years.